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Cann raises nearly $35 million as it launches in Canada

Cann has arrived in Canada.

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The celebrity-backed cannabis beverage company announced this week that it has raised more than $34 million in a Series A funding round to fuel its international expansion. The latest investors include Canadian actress Nina Dobrev, as well as Adam Devine and Rosario Dawson, among others.

Cann’s expansion into Canada follows a year of “explosive growth,” with the company’s sales tripling as it expanded into three new legal states, Illinois, Massachusetts and Arizona.

“Over three years ago, we were told that consumers didn’t want cannabis in beverages and that they were, at best, a novelty, but this fundraise and our Canadian

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